Description
Exceptional multi-unit investment opportunity just 1.3 miles from UNCW and only 3 miles to Wrightsville Beach. This is a premier offering in one of Wilmington's most proven, high-demand rental corridors, an opportunity that is increasingly hard to find at this price point.
Positioned on the corner of Wrightsville Ave and Andover Road, the property offers direct access to the Cross City Trail and easy bike or walking distance to UNCW, an ideal location that consistently attracts tenants and supports strong occupancy.
Situated on a generous 0.69-acre parcel, the property features four units across two thoughtfully designed duplex-style cottages. Each building includes a 3 bed/2 bath residence in the front and a private 1 bed/1 bath unit in the rear, an efficient layout designed to maximize rental income while appealing to a wide tenant base.
The 3-bedroom units offer high ceilings, an open-concept design, and a split-bedroom floor plan that provides both functionality and privacy, perfect for shared living arrangements. The 1-bedroom units are well-appointed with private entry porches, ample storage, and one includes a fully fenced backyard, adding even more tenant appeal.
All units are equipped with washer and dryer, stainless steel appliances, and granite countertops, delivering a clean, modern finish that supports strong rental rates.
Built in 2018 by SD Construction Group, the property was designed for long-term durability and ease of ownership, featuring vinyl siding, vinyl plank flooring throughout, and paved parking. A dedicated parking space for every bedroom is a major advantage, making the property highly functional and desirable for tenants.
This is a true turnkey, income-producing asset, fully leased with a proven track record of little to no vacancy since entering the rental market. The combination of location, layout, and low-maintenance construction creates a reliable, high-performing investment.
Whether you are a UNCW parent looking to offset ownership costs or an investor seeking a stable, cash-flowing 4-unit property in a prime Wilmington location, this opportunity checks all the boxes.
